www.sefa.org.za – Amavulandlela Scheme 2021 for Entrepreneurs with Physical Disabilities | South Africa

The Amavulandlela Scheme 2021 is is targeted at small and medium-sized enterprises and co-operatives with at least 50+1% ownership by entrepreneurs with disabilities. The disabilities will have to be verified.

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Who can Apply?

The entrepreneur will have to be operationally involved in the daily running of the business.
Funding is preferred to assist businesses to expand, but meritorious start-ups can also be supported.
Funding is preferred to be used for the fulfilment of orders or contracts
Financing applications must have economic merit ( financially sustainable &technically feasible)

Benefit:

The scheme will offer entrepreneurs with disabilities the standard credit facilities ranging from R50 000 up to R 5million at a preferential fixed interest rate of 7% per annum.
Repayment terms for facilities will be up to 60 months. The actual loan duration will be subject to the projected cash flows of the business.
Normal sefa administration fees will apply.

Additional Customised Benefits

The scheme will also offer the following non-financial support:

Preapproval assistance (only if required)
Will be up to 5% of the local intended investment but not exceeding R75 000
Will be targeted assistance to bring the application to a bankable stage, including mentoring, technical assistance, sourcing and negotiating with suitable suppliers.
Will be recovered from the applicant by means of a loan and it shall have a moratorium of 3 months after disbursement (if the loan application has been approved)

Post approval assistance (for a maximum amount of up to R350 000)

This will be used for in-depth mentoring and coaching as well as any other business support required up to 2 years.

Amavulandlela Scheme 2021 How To Apply:

To apply follow the below steps

Draft the business plan or proposal
Complete the sefa application form which can be downloaded from the sefa website at www.sefa.org.za Or download form here

Submit this business plan together with the completed sefa application form and supporting documentation to your nearest sefa access point / or email it to the contact details at the back of this pamphlet.

Contact sefa:
Client Liaison Centre
Tel: (012) 748 9600 (from 08h30 – 16h30 week days)
E-mail: helpline@sefa.org.za
Web: www.sefa.org.za
Fraud Hotline: 0800 000 663 (Tip-offs Anonymous)

Exclusions

The standard sefa exclusions will still apply in respect of the following businesses:

labour brokers;
manufacturing and selling of ammunition;
tobacco, liquor , gambling and sex trade ;
non-profit organisations;
political organisations;
persons under debt review;
un-rehabilitated insolvent shareholders and/or directors of applying entities
primary agriculture (except cash crops and the applicant must and off take agreement); and
speculative property development

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